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folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will sit down for a post-election chitchat with the prince of awkward, the king of tilted conversation and uncomfortabled one-liners, mitt romney. is there a role for mittens in obama world? >> the president noted that governor romney did a terrific job running the olympics and that skill set lends itself to ideas that could make the federal government work better which is a passion of the president's which he's requested reorganization authority from the congress do just that. >> translation, mitt romney may oversee the installation of a new color coded filing system in the white house. thanks for play, governor. and anyway, charm offenses aside the president knows that his real audience is with the american people. according to most recent "the washington post"/abc news poll 60% support his position on taxes while only 37% oppose it. and when you're up 23 points
romney has been spotted at disneyland and pumping his own gas. anything to keep busy. what the former romneys are doing about their future. also triumph in the face of tragedy. a victory for the secretary of state chiefs one day after a tragic murder/suicide. big question for you. should president obama stand his ground on tax cuts for the wealthy even if it means going over the cliff. tweet me @thomasaroberts. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes that are an excellent source of fiber try great grains banana nut crunch and cranberry almond crunch. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replace
had an interesting lunch today. governor romney spent an hour or so at 1600 pennsylvania avenue we check it out and found the practice is pretty darn common. look at the pictures. president obama with john mccain in 2008. bush and clinton in '92. bush and dukakis in '88. carter and reagan in 198. oddly enough, though, bob there was one loser we couldn't find. turns out mondale, '84, lost to reagan. no pictures. what happened? >> bob: we didn't like to menu dand sided not to go. we expected an invitation and never got one. we did. >> eric: c'mon. >> eric: never got an invitation. i went through every president in 1980 -- >> bob: you think we snuck in the backdoor? we would have gone and got a picture. >> eric: i saw reagan and carter. >> bob: what do you think happen? >> brian: i hear they should have got together but reagan never liked carter. >> bob: never. >> brian: that stayed true. cart and ford got to be good friends but not until reagan was in office. >> eric: what do you think? would you love to be a fly on the wall? >> dana: they invited him to the office to have a lunch th
health. one a day 50+. >>> to politics now, mitt romney found himself a job. he will rejoin marriott international. he's actually served on the board before and stepped down to run for governor and president. incidentally, romney is named for jay willard marriott, the owner of the hotel chain. >>> anna wintour might be looking for an ambassadorship for the uk or france. >>> new york's mayor corey cory booker starts his food stamp challenge. >> starting to cut through the prejudice and ignorance about people who use supplemental programs and get people to a higher level of consciousness and understand that the common investment in programs like this and they are important. >>> newt gingrich is getting a cameo on parks and recreation. >>> game on, movie fans. they gave out their awards and the bulk went to two live stories, "lincoln" and "zero dark 30." well, anyway, the l.a. times had a fascinating article about how this influential group, the critics, is an oscar predictor. and by the way, they honored frankenweenie. you can prevent gas with beano meltaways, or treat gas with these a
have evolved it mitt romney had come in, he would have been national security adviser, secretary of the treasury, he was deputy secretary during president bush and happened to be a senior foreign policy ambassador to germany and is one of the very few people who synthesizes the economic and national security in such a holistic way. his dad was a famous democrat who was one of the reasons i moved to washington, really great to have bob here. to michael porter's right ahead douglas holtz-eakin iran the congressional budget office and is a distinguished economist. he was john mccain's economic adviser in the first campaign. he is now running the american action forum. he is one of the best hot shots on fiscal issues but does it kindly and then we have steve case. i wanted to give him chairmanship of the jobs council, jeff immelt had that but not for long. steve case, one of the founders and chairman of aol, he chairs the entrepreneurship council, chairman of revolution, very tied up in trying to think about what are the spark the drive innovation, creativity, how do you drive young
, romney, who said we should just have them self-deport. that is pack your bags and leave. millions of american citizen children have undocumented parents. thousands of americans are married to undocumented spouses. look, it's a destructive force our broken immigration system. but i don't think that -- in that sense it's a step in the right direction because what the senator is saying is they can stay. it's a realization that they're not simply going to disappear one day and leave the country. and that they have a rightful place in the united states of america. what we'd like to say and one of our principles as we've articulated today is we want them to be citizens of the united states and we want them to have a clear path to that. now, i understand when the senator says that they should be put at the back of the line. i get that part. look, that's why you have to do comprehensive immigration reform. because under comprehensive immigration reform we say there should be no backlog. there should be no permanent resident. there should be no citizen who has petitioned for their wife or
and give the election to mitt romney. it made it harder for voters who moved to actually cast ballots. the republican party of florida has responded and tell "outfront," i want to quote them here, jim greer's quotes are false and details keep changing. great to have both of you. roland, let me start with you. these accusations come from jim greer, former boss of the party. he is accused of stealing money from the party. accusations come from charlie crist who abandoned the party to run as an independent. all that context is important. are these claims credible, though? >> for two years i've been blasting these efforts in florida as outright voter suppression and it is no shock to me that you're actually hearing this. it goes beyond just shortening early voting days. remember, they got rid of voting on sunday. now, in a country where you want more people voting, why would you take away a day when people would say, hey, no need to go to the polls tuesday, i can actually vote on that particular sunday. >> i don't know why we vote on a tuesday other side -- >> -- those churches that were
is if romney gets elected, they might actually do what they say they might do. the remarkable feature found that your best hope is one of the candidates in his plans. we sit now on all stagnation this couldn't be for the distribution process on what they call the research writing the wages down weakening the bargaining power. inequality has become a serious problem in the united states. what's interesting is while paul has been arguing about it and i've been arguing with for a long time as we've gotten so serious that even the economists realize that it is a serious problem. when they say it is a serious problem, you've got to believe it. it's my job to take them on. so, and one of the reasons that it weakens the economy and emphasizes the problem right now is the lack of demand. lack of total demand coming and that means people are not buying as many goods and economies and capacities as produced and that leads to unemployment. the problem is if you transfer money to the bottom of the economic pyramid to the top, the people at the top save about 15% of their income and the people at the bo
at harvard kennedy school where right this very minute senior campaign managers from the romney and obama campaign and every other campaign are being debriefed by top political reporters and it is interesting because obama clearly sees that he has a mandate out of the election on fiscal cliff issues. even though it wasn't a huge issue in the debate the white house is behaving like it has that mandate. what you have been seeing is republicans showing signs of flexibility and i am not just talking john boehner saying revenue is on the table. we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but what you see from democrats is an unwillingness to do serious entitlement reform that would lead to reductions in spending. they want to kick the can down the road and do more of the
is now teaming up with the president, despite the fact they supported mitt romney. they are now teaming up -- >> eating you, crawling back? >> looks like they are forcing -- they are forcing the issue, and, basically, supporting the president's position on this for higher taxes on those upper brackets. little bit of background on tom. he was a senior executive at morgan stanley in a very big democratic operative, a senioo executive, then to be hillary clinton's number two of secretary of state, and rumored, rumor, it's in the wall street washington nexus, that if jack lew is treasury secretary, highly likely if you read the tea leaves, he gets jack's job as the chief of staff. interesting meeting. this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are ab
to the old system that they changed so that mitt romney wouldn't get appointed to successor to let did he havedeval patrick appoint a successor. >> i was just going to say what do you think patrick will do? >> i think he'll let the process take it. i think he'll serve out his term and move back into the private be world of private enterprise and big money law firms. >> i don't know. i think -- i disagree with you on that. >> you're not buying that. >> i'm not buying what you're dishing out. i think he'll go to the cabinet if not immediately eventually. i think he'll be a great attorney general when holder decides to step down. i think he's going to washington. that's my guess. i have no inside knowledge. charlie pierce, thanks for joining us inside the war room. coming up, out with the old, in with the new or if you'd rather, what old is new again. house republicans elect a fresh set of committee chairs and show they have gotten the message to finally be more inclusive at least one of the 19 males has a goatee. >> plus, they weren't going to change the way they did things for anyone or an
! >> president barack obama, mitt romney just wrapped up lunch in the private dining room at white house. >> hey, romney, what's up, man? hey, isn't it funny, you almost lived here. 3 million bucks. if you lived here, you could be doing this right now. yeah, yeah. give me a monte cristo sandwich. do you like adele? yeah, get me adele and have her sing "rolling in the deep." >> to be a fly on the wall. >>> every once in a while something happens to restores one's faith in humanity. it's not an overstatement to say that is the case here. >> we first showed this to you yesterday at the new york city police officer who never stood taller than when he stood down to help a homeless man. john miller, former nypd deputy commissioner has this story. good morning. >> good morning charlie and norah. this will probably be the first and last ever nice story i tell on this show. norman rockwell, story reminder of dickens and the best part about the story was it was never intended to be told. officer larry deprimo was walking a beat in times square. it was a frigid mid november night. >> i had two pairs of win
, congressional republicans as well as barack obama and if mitt romney had become president the same thing, and the last-- absolutely. stuart: we're going to unleash borrowing? >> i think what we need-- >> take off that ceiling and allow the the president to spend what he wants and therefore, borrow. >> let's talk about your friend reagan, i think 18 times he raised the debt ceiling, so, nobody held him hostage the full faith and credit. stuart: if we do that now, no limit, there's no debt ceiling at all, and president obama could just, just borrow it. no one from congress, but borrow it, what happens. >> would i love to see some responsibility on behalf of congressional leaders. stuart: you don't think we'd get a debt crisis. >> been threatening bond vigilantes and things in the past five years, i haven't seen it yet. stuart: unfortunately we're out of time, but i love that smile. >> thank you, i love being on with you, despite the fact, talking-- the highlight of my day knowing i was going to be with you. stuart: and i do not believe you. >> it's 100% true. it's true. stuart: julie, than
. it's like mitt romney's dumb press conference the day after libya exploded and the ambassador died. there is a time and place -- there are so many ways to go after susan rice. >> and there are real questions on whether she even has the temperament to be secretary of state. that's a big question in washington, d.c. let me say it again. does susan rice have the temperament to be secretary of state? there are a lot of people, democrats who will tell you privately that just maybe she doesn't. but we're not talking about this. this is a clown show that's going on right now. what is -- >> i love that debate. >> well, the long game is unclear and the short game is even more unclear because they're not going to hold up the nomination of susan rice. i meaning if you look at the big picture. they only need to peel off -- i don't know what the number is five or six republican senators. >> who do they end up making stronger? >> they make the obama white house or susan rice look stronger but fighting the fight, three, four, five of them on a losing cause and won't hold up the nomination with fo
mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach some sort of a cap on it 00 mem deductions. >> he would have just extended the bush tax cuts and then the other stuff would have been -- but if romney had been elected, whether bad long term to extend them, that's one thing, but he would have extended -- this is a weird argument to be having to have everything hinging on on the 2% that are -- suddenly as i've said before, suddenly everybody loves the bush tax cuts. so weird. >> flips the tables on who likes what. >> it all goes back to the line in the band. obama first time around caved and his base never for gave him for extending the bush tax cuts when he said he wouldn't. >> maybe the republicans should be reconsidering the tough line that they drew back in july of 2011 because this is a situation where i think i
't suffer fools, and so he would be grouchy. i was grouchy last night when romney said we have fewer ships today than we had in 1917. i was grouchy when obama said something just as stupid. john quincy adams was this fabulously learned man who had stayed with history. the reason for the monroe doctrine -- in south america the various countries were beginning to rebel against the spanish king, and the french king was a cousin of the spanish king and the french were going to send military aid to put out these barbarians of english and they send their military to keep the french from going into south america. and they invited the americans to join them in keeping the french out of south america because obviously south america was rich with gold and silver, and john quincy adams was the secretary of state and said absolutely not. we are not going to get involved in a foreign war. we are not going to let them come over here either. and that was the seed planted for the shooting of the monroe doctrine. monroe doctrine wasn't a separate doctrine. was a part of lonrho's message and he asked his ca
was not supposed to be there. >> greg: if romney was president, different story. he'd be i peached. >> andrea: it was the ambassador's fault? he wasn't supposed to be there? >> bob: you called it an embassy. >> andrea: consulate. british embassy was bombed before and that should have triggered to us secure our own. >> bob: bomb in libya. there's a surprise. >> greg: coming up, from devil to diplomat. the inspiration for devil in "del wears prada." now obama may give editor anna winter a new title. as the u.s. ambassador. details ahead on five five. ♪ ♪ [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. >>> i'm bret baier. tonight on "special report," they say if the g.o.p. does not give in and accept a tax rate increase on high earners the president will let the nation go over the fiscal cliff and blame republicans. the president put it in his own words tonight. not all democrats are with the
a pulitzer. i would. >> bob: he was not supposed to be there. >> greg: if romney was president, different story. he'd be i peached. >> andrea: it was the ambassador's fault? he wasn't supposed to be there? >> bob: you called it an embassy. >> andrea: consulate. british embassy was bombed before and that should have triggered to us secure our own. >> bob: bomb in libya. there's a surprise. >> greg: coming up, from devil to diplomat. the inspiration for devil in "del wears prada." now obama may give editor anna winter a new title. as the u.s. ambassador. details ahead on five five. ♪ ♪ [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. >> announcer: 'ti
romney proposed. for the tax portion of this down payment, the decoupling of the bush tax cuts is the right way to bring in up front revenues. if they wish to have a spending cut component, fine, the ball is in their court. what sit? >> we've been specific about our down payment. what is theirs? >> if they have one on the revenue side, we'd like to see the specifics. we've been very specific. so far they haven't offered a single idea short of vouchering medicare that we all know is off the table. even mitt romney denied that one as the campaign went on. if republicans insist on spending cuts the on news is on them to come forward with some ideas t. president's budget continues over $300 billion in health savings. if they don't like that they should make a counter offer. we know that won't happen. we are waiting for some specific somewhere from our republican colleagues to show that they are serious on negotiations. >> three weeks ago the american people went to the polling places and they sent a message. democrats from president obama to our senate candidates on down built thei
that was a vote winner, he wouldn't have put 86% of his tv ads. he ran a romney is a bad person campaign not look at how wonderful i have gotten the american economy. >> if it is on c-span -- >> you say here's what we want to do. we just elected a house which ran on the ryan plan. >> you are saying these are the reforms that we want. >> the president sits there and says what, because he hasn't put anything on the table that passes the lap test, hasn't put spending restraint. crazy democratic leadership, which for two years kept all the democratic senators from voting on anything. i want them to vote on something between now and 2014 because then they aren't coming back. >> if you are john boehner, speaker boehner, your proposal is -- your bright line is what? >> first of all, you want to have this conversation in public and whatever happens, you want it online. that gives you the moral high ground and allows the american people to focus on this. >> wait, what you are saying right there is a path to a deal, you're not saying they should go over a political cliff. you're saying they should fight fo
to oppose romney. so that's like 2:1. >> you're not adding in the seiu. >> down at $14 million. i'm looking at the "wall street journa journal"'s page on super pacs. i've got the restore america's future 1rks 42, priorities usa -- >> if you add up all the super pa pacs, they barely balance out the union involvement. >> sciu was down ninth, 14.7 million. >> why are you arguing about this will? the results are out. >> are there lessons for business in the advertising campaigns by the super pacs? assuming that one side went wrong here, where did they go wrong? >> you're focusing on the super pacs and of course it's about the strategists and how they went about it. and the simple fact is the democrats understood the demographic changes whether you're talking about african-american, hispanics, single women. and understanding the changes taking place. i think the republican party is still rooted to a large september extent in the past. if you look at the nature of the people involved on either side, it was i think predictable that one set of advisers was in touch and the others weren't. >> martin
retired nasa and a captain are kelly were there. >> 2012 was a total shut out for mitt romney. he managed to finish in gq stop 25 least influential people of the year. the magazine writers not so blighted described his campaign as uninspiring. also recognized first lady michelle obama for her let's move campaign an attempt to get americans to eat healthier that gq said was hopeless. other making the cut. jerry sandusky lawyer joe amebe ndola who made it at #10 and lance armstrong at no. 13. >> we will be back shortly to show you the weather and give you an update on the rain. walker back for 30 8:00 a.m.. we are watching the weather to get unions that spirit we will go to kron 4 jackie sissel who is live in san raphael with more. how's it looking jackie? >> so far so good. it is dry. i have the right call for on the camera and i have the rain slickers so far no right to speak of. south bound 101 at san pedro headlights are coming southbound on 101 and everything is dry so far. >> also we are expecting high winds later today we will have more on that as well. erica has our forecast we are
of the year i will be surprised. yes "time" nominated mitt romney but he he has no chance. neither does hillary clinton who is somewhat responsible for the libyan mess. bill clinton is on the list. i would vote for jay-z over the president. no to bill clinton sea brilliant man. why would he be person of the year? for what. you can see we are living in a very shallow time in america. pardon the pun. truth is, we have very few dynamic leaders in this country where is abe lincoln when we need him. like 1860 america is a divided nation there is a culture war raging. we need a person to bring us together to solve complicated problems and stop all the nonsense. lincoln could have done it. republic-- strike that gist and kirsten powers the democrat and fox news analyst. who is your person of the year? >> while using "time" magazine's criteria which doesn't mean it's necessarily a person you think is good or bad or but someone who we spent a lot of time talking about who has a real impact this year i think would be mohammed morsi who is on their list of people to choose from the first democrati
of the attack on benghazi when he claimed in the debate with mitt romney that he had called it a terrorist act at the white house, which he had not done so. he continued to go on various shows talking about hateful videos and not knowing -- >> greta: entertainment shows i might add. for the most part entertainment shows. all right. in terms of what she did tell you -- i saw a cbs reported that i posted on gretawire.com under the headline on who's on first, which can no one decide who took out al-qaeda, some have claimed responsibility, then denied. it's the most bizarre thing. >> the most interesting thing about that, after the raid that took out bin laden we knew every single detail, as you know, within 24 hours, absolute total details, many of which placed people's lives in jeopardy, such as the doctor now in prison for life, and others. here we are, 10 or 11 weeks later and we still don't know the basics of what happened. by the way, i'm still looking for that picture of the president in the situation room with his cabinet watching the raid on the consulate in benghazi. i don't think we'll
of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have slammed him for campaign-style politics that they say just won't get the job done. rob and sunny, back to you. >> can you really imagine that they're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional control over the debt limit would go away. and congress does not like to have its power take any way. so maybe the white house, upped the an
, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of details in the two compet
something with actual tax revenues. as romney proved during the campaign, you can't do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind of turn off the campaign and get into a cooperative mode here to
disparity. things like that. mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it has worked well. >> rates are so low. why doesn't everybody do that? >> works well. as a former fully owned by private equity they are more comfortable with leverage than others are. >> a level of comfort that i find to be -- they are insensitive to the economy and they're a winner in obama care. 2014 begins and i'm picking numbers up. hca. even with this leverage. raising numbers, hca, 2014. i'm doing that right now. cramer firm is taking up numbers. >> you did it in your head. >> i did. i'm going to ask the sales force to go out with it and i think he can get the stock movi
conflict both governor romney and president obama agreed on more than they disagreed on the education reform area. -- the work of arne duncan. it's hard to take -- when he picks the local superintendent and brings him back to washington are in. there wont point of contention in the presidential race and but the exception of kind of a throw away question that jim gave the candidates at the end of the debate which i would note half of the answer on both sides ended up being about johnson and the solyndra loan. there was virtually -- there was very little mention in the presidential race i really think that's unfortunate for the country. we want to come back to how we change the dynamic a little bit. however, there was a lot happening in state and local races and i think that does give us a snapshot of where voters stand on many of the issues on being discussed at the conference fop me, there are a few take aways that education reformers should consider as we try to move forward on the agenda that governor laid out this morning. let's start with substance. we have to remember that this i
to the election every outlet came up with a short list of the cabinet for mitt romney come in for president obama. when you talk about setting up this agency council how do you guard against some sort of volatility in the national energy policy from the changing administration and the policies put in place by one administration carried over the success reforms. >> one person has to take the recommendations seriously and consider that this has merit as the president in the issues i had the the president gave significance and this could be very significant move by the administration is taken seriously by everybody in the government and that in itself was a tremendous incentive to coordination. >> there will also be volatility in a second term there will be changes that have been there for four years or ready to get out but also this isn't something that would be done instantaneously i don't think it would be done under our proposal until the end of the fourth quarter given times so that would be available to the administration i don't think it would be that big a problem although if you had the who
romney who had an effective rate of 14% last year, when he made millions of dollars in investment income, and there are proposals, as warren buffett has, where people who make $1 million should pay 30%. host: the average tax percentage is about 10%. if you look it this chart here -- host: eric, rome, georgia. caller: i have an article here that says why congress will not tax the 1%. it tells you about the congressman. 261 are millionaires or billionaires'. the top republican, darrell issa, is worth $441 million. dick armey handed bush a budget for 10 years, and it squandered the surplus. what the article states is they will not raise taxes on the 1%. it is because they are the 1%. host: use of the number in that article is -- you said the number in that article is 261. caller: are millionaires or billionaires'. guest: the caller makes a good point, that the wealth of people in congress has diverged from the average wealth of americans, and a colleague of mine wrote an article looking at this trend, as over the last three years the average net worth of members of commerce has grown extrem
if romney didn't win. this fiscal cliff negotiation seems doomed. am i being pessimistic? >> we're basically spending like europeans, but being taxed like americans. at some point you got to decide which you want. basically american government spending now is getting close to norwegian levels. and at that point, you can't have american tax levels. >> brian: what is their level? >> they spend 46% of gdp and people pay that. that's reflected in their taxes. america is basically borrowing $188 million every hour in washington. seven days a week, 24 hours a day, thanksgiving, ramadan, whatever. that gap cannot be closed by sticking to to the rich. >> brian: don't you think the president realizes that or do you think he fully realizes that in. >> oh, yeah, he does. this is the cunning thing. he's going to blame it on the rich, blame it on the republicans. but right now if you're just an average working guy with an average income, your taxes are going to go up because for him -- pour for the president, it's not about the economy. it's about government. it's about the size of government. not the ec
a white president -- a white president running against mitt romney, he loses. i think the racial dynamic played a large part in president obama winning. >> that's deep thinking. >> stephanie: that's horribly racist right there. he won a second time because he's black. two landslides. yeah. okay. eric bolling on the 5. a little bob costas bashing. >> i saw this tragedy happen. saturday morning i saw it. i was like how long before someone, someone uses that pulpit to say it has to be head trauma or something else like gun control. i never expected nbc to allow bob costas to come out and do something on their national -- costas is a coward though. he didn't even say he believes this. he said he agrees with ken though. it was his assessment of it. it wasn't even his own thought process. >> stephanie: right. >> agree with someone that is your thought process. if you say that lincoln freed the slaves and i dare say the nfl player was a coward in that situation -- >> stephanie: some people have said worse thing
that somebody could claim. this is an idea mitt romney had on the campaign, this idea that you cap the value at $30,000, say. if you live in an area with low housing prices, that probably would not affect you. if you live at new york, san francisco where your mortgage is more expensive, it would be easier to bump up against what the deduction cap would be. you might not be itemizing your tax returns at the end of every year. host: next call is mike on the democrat's line. are you there? caller: i have a question for you. i heard president obama is making cuts to medicare if his plan goes through. he wants to cut $400 billion in entitlements. i collect ssdi. i am disabled. these $40 billion cuts in entitlements, are they going to affect ssi, ssdi? guest: we do not know what the administration is talking about yet. that offer came from the administration on the hill yesterday. it was not specific. $400 billion is what we are looking at in entitlement savings and we're not sure if it is ssdi or how beneficiaries would be affected. host: children make up a lot of these credits. which of these ar
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